ⓘ Featured image: Teami founder, Mustafa Al Jaf
Iraq-based Teami, on Tuesday, announced that the company has raised 5-figure investment led by KAPITA – assisted by Iraqi Angel Investor Network. Besides this, the company has also gained a $20,000 grant from the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH via its project “ICT for Youth in Iraq”.
This is the second startup investment done via Iraq Angel Investor Network, the first one was of Baghdad-based Tabib, on November 26.
Founded earlier this year by Mustafa Al Jaf, Teami extends its customer relations management (CRM) solutions to medical agents in Iraq to help them manage their on-field operations. The company claims that it has served around 400 clients so far.
Teami has recently graduated from ScaleUp Academy and Orange Corner Baghdad, both run by KAPITA.
Speaking of the funding deal, Ali Al Suhail, the manager of the Iraqi Angel Investors Network, in a press statement said,
“The large tech opportunity remains for B2C businesses in Iraq but Teami is proof that there are many problems to address and markets to create on the corporate side as well,”
Mustafa Al Jaf, founder of Teami, said,
“Over my career, I have built a strong understanding of the pain points facing Iraqi medical representatives, Teami has been built to address them. We are ready to take on the market. With our funding round concluded, our focus will shift toward ramping up our marketing activities and optimizing our product.”
Mujahid Waisi, CEO of Kapita, stated,
“We are committed to helping all of our founders from validating an idea to raising their first fund, we are very excited to continue the journey with Teami as an investor’.”